FHA update

[trapper9260]

This posted on Trapperman from yesterday


FHA will have a complete list of Agents and routes this coming week on our website.FHA will have agents,routes or drop off points in most states.If we do not have any routes or agents in yous state please call the Cambridge office (608)423-4814 for info on shipping your fur.
For bags and tags call the Cambridge office to have them shipped.If you have NAFA bags and tags you can use them and we will give you new bags and tags along with an FHA receipt when you drop off your fur.
Your account number will be mailed to you after it is received into our system,this will allow you to set up your online account and see grades prior to sale.
For shippers using routes to drop that do not have FHA receipts please allow extra time to have agent fill out receipt info.
In some states we will have two trucks running routes,this will help keep routes on time.
Looking ahead at the fur market it looks like the harvest of some articles will be lower than expected do to the weather.This can only help fur prices in the near future.
We are expecting to have a very large turn out of buyers attending sales this year,being the only auction house with a fresh supply of wild fur,this can only help the price and clearances.


This was posted this morning,


This will be an interesting season with only one auction house handling wild fur. How everything shakes out remains to be seen.

I agree that FHA will be getting a lot more fur than previous seasons. I believe they have a plan in place to handle grading it. Which will involve 3 facilities - North Bay, Canada. Cambridge, Wisconsin (probably coon and maybe rats will be graded there). Winnipeg, Canada (it has been announced that coyotes will be graded there).

FHA has also announced that they will not be accepting dealer goods that have limits. All goods received, no matter who they are from, will be inter-sorted (part lots). Also, they are NOT providing advances to any shippers.

The interesting part will be at the auction. Will FHA hold to prices they determine to be fair market prices (thus protecting the shipper) or will they sell goods for what the room wants to offer (thus generating revenue to pay the additional expenses they have incurred with all the extra fur they received).

It is assumed, and rightfully so, that coyotes will do well. But what about beaver, raccoon, otter and other items that have struggled price wise the past few years. Do they hold them, knowing full well there will be more goods coming in for the May sale. Or will they take what they are offered.

Guess we will have to wait and see. smile

[trapper9260]

this is more on it all.

Shippers will not have to get an account number ahead of time,for the most part it will be easier to send them after we receive your fur.Having worked for auction houses and large dealers (Cambridge Hide and Fur,Hudson Bay London,Hudson bay Canada,Nafa from the start)volume is one thing I have handled.
In the past few years here at FHA we are relying less and less on the private treaty as a way of selling fur,very seldom do you get more after the sale than you could have got in than auction.The best way to turn this market around is to keep very low or no inventory.When NAFA started keeping large inventory,s of unsold fur it did not help the price going into the next year.
Any year you go into a market with no or very little inventory there is a price increase,inventory has put a strain on a lot of dealers that rely on cash flow to keep buying.
It is our plans in the future to go back to having more and earlier sales to give dealers and trappers the ability to have a cash flow with out waiting till the end of season for a check,relying less on advances and keeping fur moving into the market.With having one auction house there will be the ability even on low production years to make changes that will help this happen.

[trapper9260]

more

Fur of no value are for the most part xl and down low grades,bad taints or very badly damaged,they are put thru 2 sales,if after that there is no interest we will discard them and they show up on sale report as NV(no value).
Routes will be running in most states,or we have drop off points to cover state.For now there may be some driving to get to an agent or fur stop,this will be addressed in the future.
I can remember when the Hudson Bay Company decided to stop fur sales,panic was wide spread and we lost a lot of country buyers,the panic was short lived as new selling policies went into place,the company that did this was NAFA,At the end they went back to the Hudson Bay Company's policy,over advance,put in storage.history repeated itself.

[472x1B/A]

Thank you trapper9260 for posting this info. Hoping that you have a successful fur harvest.